Research and Markets (http://www.researchandmarkets.com/research/b7b3ae/gilead_sciences_p) has announced the addition of the "Gilead Sciences: Pipeline - Products - Performance - Potential" company profile to their offering.
In 2006, Gilead took a gamble, believing the short-term costs incurred through the acquisitions of Corus Pharma, Myogen and Raylo Chemicals would lead to long-term growth for the company. The consequence of which was, despite record sales, Gilead reported its biggest income losses in recent corporate history. In the wake of this, in 2007, Gilead focused on the integration of its worldwide organisation and infrastructure to regulate the company's capital requirements. Through this strategy, Gilead recovered stronger operating results for fiscal 2007 and, in fiscal 2008, double-digit growth was seen in company revenue and income.
Traditionally, the company has been strongly focused on the treatment of infectious diseases, especially HIV, and was in danger of becoming pigeon-holed within an increasingly competitive market. The take-overs of Corus Pharma and Myogen signalled a new direction for Gilead, moving the company into the fields of respiratory and cardiopulmonary disease. These purchases included several late-stage, novel candidate compounds which have doubled the size of Gilead's R&D pipeline.
Gilead's HIV product portfolio remains its strongest asset, generating 81.2 per cent of total company sales in 2008. Atripla and Truvada are expected have combined sales approaching US$5 billion by 2013, and will remain the main growth drivers for the company in the foreseeable future. Beyond the HIV portfolio, AmBisome and Hepsera remain important products for Gilead and are forecast to contribute strongly to sales. In addition, the acquisition of Myogen has provided Gilead with exclusive rights to Letairis, which was launched for pulmonary hypertension in the US and Europe in 2007 and 2008 respectively. Initial sales of Letairis have been promising, further validating Gilead's move into non-virology fields. Viread is the only major product forecast to experience declining sales, and this can be attributed to cannibalisation effects caused by the success of Atripla and Truvada. Seeking to maximise the value of Viread, Gilead is looking to launch the product for the treatment of hepatitis B. The acquisition of Raylo Chemicals and Nycomed's Irish subsidiary provides Gilead with the manufacturing facilities and infrastructure to meet growing demand for all its products, especially the new HIV combination drugs.